The Growing Demand For Automation In Agriculture To Drive The Growth Of Fruit Picking Robots Market

 
 Fruit Picking Robots Market

Fruit picking robots are robotic devices used for harvesting ripe fruits from trees and vines with high efficiency and low cost. They use computer vision, motion planning and advanced robots to identify and pick ripe fruits with precision and care. Key advantages of fruit picking robots over manual labor include high productivity, consistency in harvesting, ability to work through the day and night, and gentle handling of fruits to ensure higher quality produce and yields. Growing necessity to minimize labor cost and increase yield for fresh fruits is a major factor driving demand for fruit picking robots.

The global Fruit Picking Robots Market is estimated to be valued at US$ 728.07 Mn in 2023 and is expected to exhibit a CAGR of 12% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.

Market key trends:
One of the key trends in the fruit picking robots market is the development of cutting-edge technologies such as artificial intelligence, computer vision and machine learning capabilities. Major players are focusing on integrating advanced technologies to enable robots to recognize, differentiate and gently pick ripe fruits amidst foliage with high accuracy. For instance, Ripe Robotics developed a proprietary deep learning software that enables its robots to differentiate ripe fruit from leaves with 95% accuracy. Similarly, others are developing technologies for robots to harvest multiple types of fruits without requiring reprogramming for each variety. Such innovations are expected to make fruit harvesting more efficient and cost-effective.


Porter's Analysis

Threat of new entrants: Low capital requirement and new technologies have lowered the barriers to entry in this market. However, established brands have significant competitive advantages in terms of manufacturing experience and global distribution networks.

Bargaining power of buyers: Buyers have moderate to high bargaining power given the availability of multiple manufacturer options and global presence of major players. However, specialized robots and automation solutions limit complete substitution.

Bargaining power of suppliers: Parts and components used in manufacturing fruit picking robots are commonly available. However, suppliers of specialized solutions and technologies may gain bargaining power.

Threat of new substitutes: Traditional manual labor is being substituted due to increasing labor costs and demand for efficiency. Other automation alternatives especially drones pose competition.

Competitive rivalry: The market is moderately competitive with presence of global as well as regional players. Major players focus on product innovation to gain competitive advantage.

Key Takeaways

The Global Fruit Picking Robots Market Size is expected to witness high growth, exhibiting CAGR of 12% over the forecast period, due to increasing demand for automation and growing shortage of agricultural labor.

The North American region is expected to dominate the fruit picking robots market during the forecast period owing to favorable government policies toward farm automation and rapid technological adoption in the US and Canada. Asia Pacific exhibit fastest growth due to large fruit producing countries like India and China optimizing output through farm automation.

Key players operating in the fruit picking robots market are Ripe Robotics, Advanced Farm Technologies, Shibuya Seiki, Tevel Aerobotics, Antobot, FFRobotics, Robotics Plus, Earth Rover, Augean robotics, Agrobot, Blue River Technology, and Harvest CROO LLC. Major players focus on autonomous navigation, computer vision and machine learning capabilities to improve harvesting efficiency.

Get more insights on this topic:

https://www.marketwebjournal.com/fruit-picking-robots-market-market-size-share-analysis-growth/

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